NEOPIN: Exploring the Best Fusion of Decentralized Finance and CeFi

NEOPIN is a "licensed DeFi protocol" under the Korean gaming giant Neowiz, dedicated to bridging traditional finance and DeFi protocols for users within a compliant framework. As a licensed DeFi service provider, NEOPIN actively embraces regulation to ensure long-term development.

NEOPIN is the only DeFi protocol that supports both the Klaytn and Finschia networks, and is a clear beneficiary of the merger event between the two major public chains. It is expected to become a DeFi model for the "blockchain merger" concept in the future.

NEOPIN also offers RWA-based DeFi products, entering the RWA market with a compliant framework, and is expected to benefit from the explosive growth dividends of this market.

Through comparable analysis valuation, it is expected that the price of $NPT tokens will reach $3.10-8.39 by the end of the first quarter of 2025, which has significant upward potential compared to the current price.

Backed by gaming giants, operating compliant DeFi, and benefiting from blockchain mergers, NEOPIN has the opportunity to gain more community trust in the upcoming wave of blockchain mergers. As an inclusive DeFi protocol, NEOPIN's efforts to bring real-world assets onto the chain are more easily recognized by users, and it is expected to win the loyalty of both web2 and web3 users.

Core Advantages of NEOPIN

1. Benefit from blockchain merger

NEOPIN is the only DeFi protocol and governance committee member that supports both the Klaytn and Finschia networks. In the historic merger of the two major public chains, Klaytn and Finschia, NEOPIN has made extensive preparations, such as launching the first cross-chain bridge between the two chains.

As the only DeFi protocol that supports two networks simultaneously, every new feature of NEOPIN could serve as an important example for DeFi in response to blockchain mergers. If it performs well in this merger, NEOPIN, as the first DeFi protocol to take the plunge, is expected to play a greater role in more blockchain mergers in the future.

2. Actively Embrace Regulation

NEOPIN, as one of the first protocols to propose "permissioned DeFi," chooses to actively embrace regulation, demonstrating long-term vision. Early collaboration with regulatory bodies is beneficial for building a platform that complies with regulations while leveraging the advantages of both DeFi and CeFi, placing NEOPIN in a favorable competitive position.

Requiring users to conduct KYC verification also avoids the inflow of illegal funds, bringing unnecessary trouble to users. Actively accepting supervision and operating in compliance with the law is beneficial for survival in the future under stricter regulatory conditions, and can also attract more new users to web3.

3. Entering the RWA market

NEOPIN announced on March 28 the launch of RWA-based DeFi products, entering the RWA market. The RWA market is an important link between the on-chain and off-chain worlds, which has seen several times growth in recent years and is a golden track for highly certain growth.

The NEOPIN BDLP launched by NEOPIN is a multi-yield liquidity mining protocol based on RWA, offering substantial returns. NEOPIN has also developed proprietary AI algorithms to help users determine asset allocation based on preferences and on-chain data, efficiently investing in complex DeFi derivatives.

Regulated RWA products will be the link between the web2 and web3 worlds. Pioneers in the RWA field have the opportunity to establish a first-mover advantage from both the product and user sides, winning in future competition.

$NPT Token Economy

The total issuance of NEOPIN's ecosystem token $NPT is 1 billion pieces, with a current circulating supply of approximately 86.64 million pieces, resulting in a circulation rate of less than 10%. The token distribution is as follows:

• Ecosystem ( 50% ): includes liquidity pool ( 29.75% ), staking rewards ( 13.23% ), service rewards ( 7.02% )
• Partner (18%): Used to establish new partnerships and develop new services
• Team operation (15%): Incentivize the project team, allocate to individuals based on contributions.
• Reserve Fund (10%): allocated for the development of the ecosystem in external design
• Marketing ( 5% ): Promotion marketing, increasing the number of ecosystem participants
• Investors (2%): Allocated to early investors

$NPT plays a central role in the NEOPIN ecosystem, connecting various crypto financial services. Its economic system is designed to reward users based on their contributions to the ecosystem, aiming to create a user-centered ecosystem.

The specific utilities of $NPT include:

• Provide liquidity and earn trading fee rewards
• Staking and locking to earn rewards
• Liquidity Mining
• Participate in ecological events and services to earn rewards
• Automatic repurchase and supply deflation ( AutoRM )
• Support various services of the ecosystem

The NPT economic system maintains ecological stability and liquidity through a stable token circulation and reward mechanism, while expanding the use cases of NPT to ensure long-term sustainable development of the ecosystem.

NEOPIN Valuation Analysis

Considering the diversity of NEOPIN's business, we will conduct a comparable valuation analysis by categorizing it into four types of projects: DEX, Staking, Bridge, and RWA. Finally, we will summarize the valuation results of the four businesses with weights of 40%, 30%, 20%, and 10%.

DEX business valuation

Select SushiSwap, Osmosis, and QuickSwap for comparative analysis, concluding that the NPT token price is expected to reach between 1.78 and 4.54 USD by the end of 2024.

Staking business valuation

Select Stride, BENQI, and Ankr for a comparative analysis, concluding that the NPT token price is expected to reach $3.45-5.47 by the end of 2024.

Bridge business valuation

Select Synapse, Across, and Connext Network for comparative analysis, concluding that the NPT token price is expected to reach 1.36-2.41 USD by the end of 2024.

RWA business valuation

Select Synthetix, Ondo Finance, and Ribbon Finance for comparative analysis, concluding that the NPT token price is expected to reach between 10.77 and 44.49 USD by the end of 2024.

final valuation result

The valuation results of the four combined businesses, derived according to the corresponding weights:

It is expected that by the end of 2024, NEOPIN's market value will reach 268-727 million USD, and the price of the NPT token will reach 3.10-8.39 USD.

Summary

The main highlights of NEOPIN include:

• Backed by the South Korean gaming giant Neowiz, the team has a strong background.
• The first DeFi protocol to benefit from the "blockchain merger" concept
• Actively embrace regulation and propose the concept of "licensed DeFi"
• Enter the RWA field with a compliance framework
• Valuation shows that the token price has significant upside potential.

As a cross-chain Decentralized Finance protocol and compliant RWA platform, NEOPIN is expected to gain more trust in the future wave of blockchain mergers, becoming an important bridge connecting web2 and web3 users, and earning widespread user loyalty.